CarMax Inc (KMX) Director William R. Tiefel Sells 23,000 Shares
CarMax Inc (NYSE:KMX) Director William R. Tiefel sold 23,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $76.39, for a total transaction of $1,756,970.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
CarMax Inc (NYSE KMX) traded up 0.16% on Wednesday, reaching $76.45. 1,627,088 shares of the company’s stock traded hands. The stock has a 50-day moving average of $68.58 and a 200 day moving average of $63.45. The firm has a market capitalization of $14.01 billion, a P/E ratio of 21.96 and a beta of 1.38. CarMax Inc has a 52 week low of $47.50 and a 52 week high of $77.64.
CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. On average, equities analysts expect that CarMax Inc will post $3.81 EPS for the current fiscal year.
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KMX has been the topic of a number of research analyst reports. Deutsche Bank AG reduced their price target on shares of CarMax from $73.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. CIBC reissued a “buy” rating on shares of CarMax in a research note on Tuesday, July 4th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of CarMax in a research note on Monday, July 3rd. ValuEngine raised shares of CarMax from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Finally, Bank of America Corporation reissued a “buy” rating and issued a $82.00 price target (up from $80.00) on shares of CarMax in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $77.93.
Institutional investors and hedge funds have recently bought and sold shares of the company. Korea Investment CORP raised its stake in shares of CarMax by 140.5% during the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after purchasing an additional 1,033 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of CarMax during the second quarter valued at approximately $112,000. Seven Eight Capital LP purchased a new stake in shares of CarMax during the second quarter valued at approximately $133,000. QS Investors LLC raised its stake in shares of CarMax by 1.0% during the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after purchasing an additional 22 shares during the period. Finally, Global X Management Co. LLC raised its stake in shares of CarMax by 7.3% during the first quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock valued at $148,000 after purchasing an additional 169 shares during the period.
CarMax Company Profile
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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